CABEI, the bridge between the Republic of Korea and Central America.
Korea is CABEI’s most recent extra- regional member, having finalized its incorporation process in 2020. It is the extra-regional member with the second largest shareholding with 7.67%, a subscribed capital of USD630.00 million and capital contributions of USD33.75 million. The country actively supports Central America through various financial contribution contracts for an amount of USD800.0 million. During 2020, the Bank contracted an On-Lending Facility with the Export-Import Bank of Korea (KEXIM) for USD50.0 million to finance operations under the COVID-19 Emergency Support, Preparedness, and Economic Reactivation Program. Likewise, on August 19 of 2020 a USD 50 million contribution was received by the Korea-CABEI Partnership Single Donor Trust Fund (KTF). A second contribution was received in 2021 for the amount of USD 10 million.
In 2022, CABEI opened its representative office in the Republic of Korea located in the International Finance Center (IFC), Yeouido, Seoul, Korea.
CABEI leads pioneering integration and regional impact initiatives for Central America
![[Translate to English:]](/fileadmin/_processed_/1/d/csm_Seminmario_Core-BCIE_091e29ebbc.png "[Translate to English:]")
Investment projects, infrastructure and technical assistance cooperation are some of CABEI's financial solutions to improve the region's competitiveness and efficiency.
Tegucigalpa, October 20th, 2022.- The presence of the Central American Bank for Central American Integration (CABEI) in the Central American Integration System (SICA) has translated into large investments that drive projects linked to regional integration sectors.
This was stated by the Executive President of the most relevant multilateral for Central America, Dr. Dante Mossi, during his participation in the "CABEI-KOREA-SICA Cooperation" seminar, where he reiterated the Bank's commitment to regional integration as the best way to improve the region's competitiveness and efficiency.
In the space, Mossi indicated that in the last 10 years the Bank has made available US$2,052.5 million for initiatives of this type, which were oriented to: structuring of robust investment projects, cross-border, energy, productive and railway infrastructure, education, among others.
He also appealed to the need to work together with the SICA bodies to strengthen a mechanism for joint purchases between the countries and the pharmaceutical and medical supplies producing sectors.
The event was organized by the Korean Embassy and was attended by representatives of SICA, Korean and Honduran government authorities.
CABEI's regional vision seeks to position the region before the world by highlighting the nature of its market with similar characteristics and economic potential. This will make it easier for the international community to understand, size and decide its interaction with the region with a broader perspective.
